Heritage Financial Q3 2026 net income rises 7% quarter-on-quarter to $18.72 million
HFWA•Heritage Financial reported third-quarter 2026 net income of $18.72 million, up 7% from the previous quarter. Net interest income rose 35% year over year to $77.26 million, while nonaccrual loans more than doubled quarter over quarter to $32.08 million.
1. Quarterly results and actions
Heritage Financial’s third-quarter 2026 net income rose 7% from the previous quarter to $18.72 million. Net interest income climbed 35% year over year to $77.26 million, supported by higher average interest-earning assets and net interest margin, while nonaccrual loans more than doubled quarter over quarter to $32.08 million. The bank completed its Kitsap Bank customer-account conversion, recording $5.19 million in merger-related expenses, and its board authorized repurchases of up to 5% of outstanding common shares and declared a quarterly dividend of $0.25 per share.
